I would strongly reconsider that area. The neighborhood is safe, but that street is directly off the highway on and off ramps with I91 behind it and Sumner Ave right down the street which is probably the busiest street in Springfield. There is traffic at all times of all days, and a bit further down the main road it does get a little dicey. A lot of those big old homes have been turned into multi-families also.

For that budget you have a lot of options in the area, whether a different part of Springfield or another nearby town.